Variety Childrens Hospital

Analysis

Variety Childrens Hospital is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Variety Childrens Hospital reported income of $974.6m and spending of $818.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644.8m to $974.6m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Variety Childrens Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include St Francis Hospital ($960.2m), Mountain States Health Alliance ($974.9m) and Bronxcare Health System ($950.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.1m (0.3% of expenses). Other salaries and wages came to $233.1m. At year end it held assets of $1.64bn against liabilities of $677.4m, net assets of $959.9m. It reported 3,805 employees.